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    Fallout from the Nvidia scandal may dampen the exuberance around the AI boom

    Nvidia CEO Jensen Huang resigned following reports of personal scandals, including extramarital affairs. His departure raised uncertainty in the AI sector and prompted rivals to consider increased competition. Competitors like Advanced Micro Devices and Broadcom saw share price gains on the news.

    Japan's Nikkei set for biggest weekly gain in five months as AI optimism lifts sentiment

    Japan’s Nikkei is headed for its biggest weekly gain in five months, supported by upbeat corporate earnings and renewed optimism around AI stocks. Semiconductor shares led the rally, offsetting concerns over Nvidia and uncertainty surrounding its leadership.

    Nvidia faced pressure to boost its AI backstop before Jensen Huang's exit

    Nvidia's ambitious $500 billion AI financing partnership with six major Wall Street firms is facing hurdles, with customers and financial partners seeking a larger financing backstop than the chipmaker's proposed 25%. No deals have emerged so far, and Jensen Huang's exit as CEO adds uncertainty, potentially delaying the first transaction until January.

    Global Market Today: Asian stocks gain after Nvidia shakeup, oil steady

    The MSCI Asia Pacific Index rose 0.3%, led by gains in South Korea. US equity futures also advanced, with Nasdaq 100 contracts up 0.6% and those for the S&P 500 gaining 0.4% after both underlying benchmarks fell Thursday. Nvidia, the company at the heart of the AI boom, dropped 4.3% after Chief Executive Officer Jensen Huang was ousted.

    US Stock market down: Why did S&P 500, Dow Jones, Nasdaq, Russell 2000 fall? List of hit, flop Wall Street stocks

    Wall Street Stocks broadly felt pressure from a rise in oil prices after President Donald Trump said he’s no longer interested in a deal with Iran to end their war.

    US stocks: US stocks closes lower as Nvidia slide outweighs energy rally

    US stocks closed lower as Nvidia’s decline following CEO Jensen Huang’s departure outweighed a rally in energy shares. The S&P 500 fell 0.34%, the Nasdaq lost 0.40% and the Dow declined 0.36%, while retail investors made a record $111 million opening bid for Nvidia shares.

    The Economic Times
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